Craig Hallum began coverage on shares of TPI Composites (NASDAQ:TPIC) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $33.00 target price on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the company. ValuEngine raised TPI Composites from a hold rating to a buy rating in a report on Thursday, November 9th. Canaccord Genuity increased their price target on TPI Composites from $23.00 to $26.00 and gave the company a buy rating in a report on Monday, November 6th. BidaskClub raised TPI Composites from a hold rating to a buy rating in a report on Thursday, December 21st. Zacks Investment Research cut TPI Composites from a buy rating to a hold rating in a report on Wednesday, November 22nd. Finally, JMP Securities initiated coverage on TPI Composites in a report on Thursday, November 16th. They set an outperform rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $27.75.

TPI Composites (NASDAQ:TPIC) traded down $0.06 during midday trading on Tuesday, hitting $20.05. The stock had a trading volume of 143,342 shares, compared to its average volume of 132,722. The company has a market cap of $683.94 and a PE ratio of 19.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 0.93. TPI Composites has a 12-month low of $15.26 and a 12-month high of $26.00.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.36. The firm had revenue of $243.35 million for the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a return on equity of 30.80% and a net margin of 4.09%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. analysts expect that TPI Composites will post 1.3 EPS for the current fiscal year.

In other news, Director Daniel G. Weiss sold 51,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $19.14, for a total value of $976,140.00. Following the completion of the sale, the director now directly owns 2,880 shares in the company, valued at approximately $55,123.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $18.79, for a total value of $608,570.52. The disclosure for this sale can be found here. Corporate insiders own 73.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in TPI Composites by 85.8% in the 2nd quarter. Nationwide Fund Advisors now owns 6,038 shares of the industrial products company’s stock worth $112,000 after buying an additional 2,788 shares in the last quarter. First Quadrant L P CA purchased a new stake in TPI Composites in the 3rd quarter worth $126,000. Advisor Group Inc. increased its stake in TPI Composites by 242.5% in the 2nd quarter. Advisor Group Inc. now owns 8,333 shares of the industrial products company’s stock worth $154,000 after buying an additional 5,900 shares in the last quarter. Royal Bank of Canada increased its stake in TPI Composites by 70.2% in the 2nd quarter. Royal Bank of Canada now owns 9,338 shares of the industrial products company’s stock worth $172,000 after buying an additional 3,852 shares in the last quarter. Finally, Citigroup Inc. increased its stake in TPI Composites by 6,277.7% in the 2nd quarter. Citigroup Inc. now owns 10,013 shares of the industrial products company’s stock worth $185,000 after buying an additional 9,856 shares in the last quarter. Hedge funds and other institutional investors own 35.12% of the company’s stock.

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TPI Composites Company Profile

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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